USA TODAY Co director granted 3,508 RSU shares
Louis John Jeffry reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Louis John Jeffry reported acquisition or exercise transactions in this Form 4 filing.
USA TODAY Co., Inc. director Louis John Jeffry received 3,508 shares of common stock through restricted stock units that immediately vested, granted in lieu of retainer fees of $30,000 and issued under Rule 16b-3. The award was recorded at a price of $0.0000 per share as a compensation grant rather than an open-market purchase.
Following this award, Jeffry directly holds 665,108 shares of common stock and also reports indirect ownership of additional shares through several family-related trusts with separate reported balances.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,508 shares
Grant/Award
4 txns
Insider
Louis John Jeffry
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,508 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 665,108 shares (Direct);
Common Stock — 13,471 shares (Indirect, Marital Trust U/A John J. Louis, Jr. Trust);
Common Stock — 3,478 shares (Indirect, John J. Louis, Jr. Trust under the Will of John J. Louis fbo Tracy L. Merrill);
Common Stock — 9,873 shares (Indirect, John Jeffry Louis, Jr. Trust under the Will of John J. Louis fbo John Jeffry Louis)
Footnotes (1)
- F1. Reflects restricted stock units which immediately vested and converted into common stock on a one-for-one basis, granted in lieu of retainer fees of $30,000 and issued in a transaction exempt under Rule 16b-3.
Key Figures
RSU shares granted: 3,508 shares
Retainer fees value: $30,000
Grant price per share: $0.0000/share
+4 more
7 metrics
RSU shares granted
3,508 shares
Restricted stock units converted one-for-one into common stock
Retainer fees value
$30,000
Fees replaced by RSU grant for director compensation
Grant price per share
$0.0000/share
Stated transaction price for RSU conversion
Direct holdings after grant
665,108 shares
Common stock directly owned following RSU award
Indirect trust holding (fbo John Jeffry Louis)
9,873 shares
Common stock held indirectly via trust
Indirect trust holding (fbo Tracy L. Merrill)
3,478 shares
Common stock held indirectly via separate trust
Indirect marital trust holding
13,471 shares
Common stock held indirectly via marital trust
Key Terms
restricted stock units, retainer fees, Rule 16b-3, indirect ownership
4 terms
restricted stock units financial
"Reflects restricted stock units which immediately vested and converted into common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
retainer fees financial
"granted in lieu of retainer fees of $30,000 and issued in a transaction"
Rule 16b-3 regulatory
"issued in a transaction exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
indirect ownership financial
"indirect holdings reported through several family-related trusts"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did USA TODAY Co. (TDAY) director Louis John Jeffry report on this Form 4?
Louis John Jeffry reported receiving 3,508 shares of USA TODAY Co. common stock via restricted stock units. These units vested immediately and were granted as part of his director compensation, replacing $30,000 of retainer fees rather than reflecting an open-market stock purchase.
Was Louis John Jeffry’s Form 4 transaction a market purchase or sale of TDAY stock?
The Form 4 shows a compensation grant, not a market trade. Jeffry received 3,508 shares from restricted stock units granted in lieu of $30,000 of retainer fees, issued under Rule 16b-3, with no open-market buying or selling reported in this filing.
How were the restricted stock units for Louis John Jeffry valued in this TDAY filing?
The restricted stock units were granted in lieu of retainer fees totaling $30,000 and converted into 3,508 common shares. The Form 4 lists a transaction price of $0.0000 per share, indicating the award was treated as non-cash equity compensation under Rule 16b-3.
Does Louis John Jeffry have indirect holdings of USA TODAY Co. (TDAY) stock?
Yes. The Form 4 reports indirect ownership of common stock through multiple family-related trusts, each with its own share balance. These include trusts for his benefit and for a family member, as well as a marital trust, in addition to his direct holdings of 665,108 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
